Should you be so unlucky that your bike has been stolen or are you just missing a new one? Then you can quickly and easily take out a loan for this purpose. If you choose to borrow online, you do not need to provide collateral, nor do you have to explain what the money is for.
It has the advantage that a loan can be approved easier than if you went to the bank and inquired about the possibility of a loan. The bank is less happy to issue loans for consumption, which is why a loan online can be a good alternative. Read more here on how to get an online loan in place.
Bike loan – where can you borrow?
How much you can borrow will depend on the loan provider you choose and the type of loan chosen. Here you will find two different types of loans – a consumer loan and a quick loan. You can see here what separates the two.
With a consumer loan you have the opportunity to borrow slightly larger amounts and get a longer maturity on the loan. It is an advantage if you would like to borrow a larger amount, or simply want the chance to be able to repay the loan over a longer period. With a consumer loan, you can borrow between USD 3,000 and 350,000 and choose a maturity of 1-15 years.
If you just need to borrow a small amount for a bike, you can take out a quick loan. The quick loan is a loan that is taken quickly and which afterwards must be repaid quickly. Here you have the opportunity to borrow up to USD 6,000, which is typically repayable within 30 days.
This loan has very high interest rates, so it is very important to repay the loan within the term, otherwise it can turn into a very expensive loan. However, with some loan providers, it is offered that you can be borrowed for free the first time you borrow with the condition that you repay the loan within the 30 days.
Loans for bicycles – create an overview of your loan options
If you start researching the market for online opportunities, you will quickly find that there are many who would like to lend you money for a bike. Therefore, it is a good idea to have an overview so that a loan can be taken from a provider who is not too expensive. Some loan providers will be able to offer better terms than others, so in the end, there may be a lot of money to be saved by choosing the right loan provider.
You have the opportunity here to get an overview of the different loan providers and compare what they can offer you. Simply apply our loan calculator here on the website, in which you simply enter how much you would like to borrow and for how long. Then you will get an easy-to-read overview of your options.